OPTT · Ocean Power Technologies, Inc. · Executive Compensation
$1.02
-0.32 (-23.88%)
At close · Oct 1
Return incl. dividend (before tax)
Going-concern doubt
— flagged Sep 14, 2026
Substantial doubt about the company's ability to continue as a going concern.
“Management's plans have not alleviated the substantial doubt about the Company's ability to continue as a going concern because those plans are not currently considered probable of being effectively implemented within the applicable assessment period.”View the 10-Q filed Sep 14, 2026
Market Cap
$603,310
Shares
300,154
Volume · Oct 1
911.43K
Avg daily vol (13 sessions)
490K
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| Philipp Stratmann | President and Chief Executive Officer | $5,954,405 |
| Robert P. Powers | Senior Vice President and Chief Financial Officer | $2,801,606 |
| Robert Powers | Senior Vice President and Chief Financial Officer | $2,801,606 |
| Tracy Pagliara | Senior Vice President, General Counsel, & Corporate Secretary | $2,731,395 |
| Matthew Burdyny | Chief Commercial Officer (former) | $2,730,941 |
| Joseph DiPietro | Controller and Treasurer (former) | — |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| Philipp Stratmann | President and Chief Executive Officer | $858,889 |
| Robert Powers | Senior Vice President and Chief Financial Officer | $572,008 |
| Robert P. Powers | Senior Vice President and Chief Financial Officer | $572,008 |
| Matthew Burdyny | Chief Commercial Officer (former) | $474,123 |
| Joseph DiPietro | Controller and Treasurer (former) | $227,986 |
| Tracy Pagliara | Senior Vice President, General Counsel, & Corporate Secretary | — |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| Philipp Stratmann | President and Chief Executive Officer | $868,068 |
| Robert Powers | Senior Vice President and Chief Financial Officer | $562,498 |
| Robert P. Powers | Senior Vice President and Chief Financial Officer | $562,498 |
| Matthew Burdyny | Chief Commercial Officer | $415,775 |
| Joseph DiPietro | Controller and Treasurer (Former) | $253,434 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| Philipp Stratmann | President and Chief Executive Officer | $967,910 |
| George H. Kirby III | Former President and Chief Executive Officer | $505,480 |
| Robert P. Powers | Senior Vice President and Chief Financial Officer | $403,989 |
| Robert Powers | Senior Vice President and Chief Financial Officer | $403,989 |
| Joseph DiPietro | Principal Accounting Officer, Controller, and Treasurer | $186,995 |
| Matthew Shafer | Former Senior Vice President, Chief Financial Officer and Treasurer | $120,445 |
| Matthew T. Shafer | Former Senior Vice President, Chief Financial Officer and Treasurer | $120,445 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| George H. Kirby III | Former President and Chief Executive Officer | $826,230 |
| Matthew Shafer | Former Senior Vice President, Chief Financial Officer and Treasurer | $504,440 |
| Matthew T. Shafer | Former Senior Vice President, Chief Financial Officer and Treasurer | $504,440 |
| Philipp Stratmann | President and Chief Executive Officer | $340,222 |
| Robert P. Powers | Senior Vice President and Chief Financial Officer | — |
| Robert Powers | Senior Vice President and Chief Financial Officer | — |
| Joseph DiPietro | Principal Accounting Officer, Controller, and Treasurer | — |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| George H. Kirby III | President and Chief Executive Officer | $520,301 |
| Matthew T. Shafer | Vice President, Chief Financial Officer and Treasurer | $294,722 |
| Matthew Shafer | Vice President, Chief Financial Officer and Treasurer | $294,722 |
| Christopher Phebus | Vice President, Engineering | — |
Fiscal 2019
| Executive | Role | Total |
|---|---|---|
| George H. Kirby III | President and Chief Executive Officer | $719,862 |
| Matthew T. Shafer | Vice President, Chief Financial Officer and Treasurer | $377,066 |
| Matthew Shafer | Vice President, Chief Financial Officer and Treasurer | $377,066 |
Executive changes
| Person | Role | Change | Filed |
|---|---|---|---|
| Jason Weed | Chief Operating Officer | Appointed | 2026-09-17 |
| Tracy Pagliara | director on the Board | Appointed | 2026-09-17 |
| Tracy Pagliara | Acting President and Chief Executive Officer | Appointed | 2026-09-17 |
| Terence J. Cryan | Chairman of the Board and a director | Retired | 2026-07-23 |
| Joseph A. "Digger" DiGuardo Jr. | Acting Chairman | Appointed | 2026-07-23 |
| Jim Thompson | director | Appointed | 2026-01-28 |
| Corliss J. Montesi | director | Appointed | 2026-01-28 |
| Clyde W. Hewlett | director | Appointed | 2026-01-28 |
| Philipp Stratmann | director | Appointed | 2026-01-28 |
| Terence J. Cryan | director | Appointed | 2026-01-28 |
| Matthew Burdyny | Chief Commercial Officer | Resigned | 2025-06-04 |
| Rear Admiral Victorino "Vic" Mercado | Advisory Board Member | Appointed | 2025-01-21 |
| Rear Admiral Joseph A. "Digger" DiGuardo | Advisory Board Member | Appointed | 2025-01-21 |
| Natalie Lorenz-Anderson | Advisory Board Member | Appointed | 2025-01-21 |
| Tracy Pagliara | Senior Vice President, General Counsel and Secretary | Appointed | 2025-01-21 |
| Robert Powers | Chief Financial Officer | Appointed | 2024-04-26 |
| Matthew Burdyny | Chief Commercial Officer | Appointed | 2023-11-16 |